Shares recently traded down less than 1% to $78.61 in New York.
The cigarette maker said net income came in at $1.896 billion, or $1.22 a share, in the quarter, down from $2.247 billion, or $1.44 a share, in the year-earlier period.
Adjusted per-share earnings came to $1.43, ahead of analysts’ expectations of $1.36. Revenue edged up to $7.64 billion from $7.5 billion, just below the consensus of $7.65 billion.
The company revised down its full-year guidance and now expects earnings-per-share of at least $4.73, compared with prior guidance of at least $4.94. It expects adjusted EPS of $5.14 versus the consensus of $5.21.
The company also is expecting a total international industry volume decline, excluding China and the US, of 2.5% in 2019.
“Our third-quarter results continued to reflect strong underlying business performance and include the better-than-anticipated timing of pricing and costs compared to our previously communicated assumptions for the quarter,” said CEO Andre Calantzopoulos in a statement.
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